Tagged: Federal Reserve

Fed Cuts Rates for 3rd Time This Year

Fed Cuts Rates for 3rd Time This Year

Banking & Finance

The Federal Reserve cut its benchmark interest rate Wednesday for the third time this year to try to sustain the economic expansion in the face of global threats. But it hinted that it won't likely cut again this year. read more >

A Divided Fed Cuts Key Rate for 2nd Time This Year

A Divided Fed Cuts Key Rate for 2nd Time This Year

Banking & Finance

A sharply divided Federal Reserve cut its benchmark interest rate Wednesday for a second time this year while saying it's prepared to continue doing what it deems necessary to sustain the U.S. economic expansion. read more >

Number of Community Banks Drops Sharply

Number of Community Banks Drops Sharply

Banking & Finance

The number of banks in the United States fell by almost 50% during the last 20 years, from about 10,700 in 1997 to about 5,600 in 2017, with the vast majority of the decline, 97%, accounted for by community banks. read more >

Fed's Powell Predicts Solid But Slower Growth in 2019

Fed's Powell Predicts Solid But Slower Growth in 2019

Banking & Finance

Federal Reserve Chairman Jerome Powell says the U.S. economy should keep expanding at a solid, though somewhat slower pace this year. But he warns of growing risks, including a global slowdown, volatile financial markets and uncertainty about U.S. trade policy. read more >

Fed Minutes: Growing Risks Make Rate Hike Path Less Clear

Fed Minutes: Growing Risks Make Rate Hike Path Less Clear

Banking & Finance

Federal Reserve officials expressed increasing worries when they met last month, as they grappled with volatile stock markets, trade tensions and uncertain global growth. The threats, they said, made the future path of interest rate hikes "less clear." read more >